Massive silver shortage, from the dealer's mouth

R

rbaggio

Active Member
Silver Stacker
I went in to a large bullion dealer here today (to sort out something), and we got talking about inventory. The dealer will remain anonymous.

I can tell you that he is experiencing a massive shortage of physical, and he seemed very worried about it.

Got the tour through his safe, saw what was there (1kg bars, 15kg bars), also saw that what was there was already spoken for (invoices with the bars, numbers written on to them etc).

He said that if I walked off the street and ordered $60,000 worth of silver today, it would not be delivered until August.

In terms of bars, the only stock >1-2 bars that he had for immediate delivery, was Perth Mint 100oz bars. And he said that this was because 6 weeks ago, he called up Perth Mint and asked what they had in stock. They had 1.5 tons, so he said he took the lot.

In terms of coins, there was a non-trivial amount of Perth Mint product there, which I guess is something.

Note that all of the above is his opinion/view/experience. I'm just relaying it.
 
44_capturesilver.jpg
 
100 million cars can be easily produced a year, but cutting 1000 oz bars into 10 pieces can not be done over 6 month, and saying no shortages sounds a big BS to me.
The entire COMEX inventory should be a two days job and still would not be enough bars on the end to put one in all the cars manufactured during in that 2 days period.
 
I think something like 2 million oz of new silver a day only allowed to enter the market to protect the bankers. This must be some sort of controlled release or rationing to avoid the no silver sign, and probably bankers are hoping that quiet periods (under the daily limits) will fill up the demand gap.
This is what I would do if I were on the bankers side to hide the problems, but if the demand is not dropping the delays only get even loner. We have August now.
 
You can bet your bottom dollar that the market manipulators are buying their fair share of metal on the side as well.

You don't become aware of the dangers of gold and silver as a looter and not expect to have some insurance to back you up just in case.

But hey, as long as you can still sell your paper for money, every ounce counts.
 
I know the differences between gold and silver but.......

it is very interesting that Gold isnt or hasnt been affected by the same shortages.

thought the rush was to gold and then silver.
 
For those that don't subscribe to kjc
"Dear clients,
As we have previously mentioned there is an extreme worldwide shortage and availability in the silver market - especially in 1kg & 100oz bar silvers two of the most popular sizes offered worldwide.

We would like to advise we currently have available from fresh deliveries a small yet healthy supply of silver bars & coins available for immediate delivery, we are probably one of the only major dealers Australia wide with silver available for immediate delivery as we are well aware many dealers are quoting late February / early march earliest for fresh orders and that's not even guaranteed."
 
rbaggio said:
I went in to a large bullion dealer here today (to sort out something), and we got talking about inventory. The dealer will remain anonymous.

I can tell you that he is experiencing a massive shortage of physical, and he seemed very worried about it.

Got the tour through his safe, saw what was there (1kg bars, 15kg bars), also saw that what was there was already spoken for (invoices with the bars, numbers written on to them etc).

He said that if I walked off the street and ordered $60,000 worth of silver today, it would not be delivered until August.

In terms of bars, the only stock >1-2 bars that he had for immediate delivery, was Perth Mint 100oz bars. And he said that this was because 6 weeks ago, he called up Perth Mint and asked what they had in stock. They had 1.5 tons, so he said he took the lot.

In terms of coins, there was a non-trivial amount of Perth Mint product there, which I guess is something.

Note that all of the above is his opinion/view/experience. I'm just relaying it.
Click to expand...

I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
 
TomServo said:
rbaggio said:
I went in to a large bullion dealer here today (to sort out something), and we got talking about inventory. The dealer will remain anonymous.

I can tell you that he is experiencing a massive shortage of physical, and he seemed very worried about it.

Got the tour through his safe, saw what was there (1kg bars, 15kg bars), also saw that what was there was already spoken for (invoices with the bars, numbers written on to them etc).

He said that if I walked off the street and ordered $60,000 worth of silver today, it would not be delivered until August.

In terms of bars, the only stock >1-2 bars that he had for immediate delivery, was Perth Mint 100oz bars. And he said that this was because 6 weeks ago, he called up Perth Mint and asked what they had in stock. They had 1.5 tons, so he said he took the lot.

In terms of coins, there was a non-trivial amount of Perth Mint product there, which I guess is something.

Note that all of the above is his opinion/view/experience. I'm just relaying it.
Click to expand...

I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
Click to expand...


24 million kg of silver? Really?
 
zygote said:
TomServo said:
rbaggio said:
I went in to a large bullion dealer here today (to sort out something), and we got talking about inventory. The dealer will remain anonymous.

I can tell you that he is experiencing a massive shortage of physical, and he seemed very worried about it.

Got the tour through his safe, saw what was there (1kg bars, 15kg bars), also saw that what was there was already spoken for (invoices with the bars, numbers written on to them etc).

He said that if I walked off the street and ordered $60,000 worth of silver today, it would not be delivered until August.

In terms of bars, the only stock >1-2 bars that he had for immediate delivery, was Perth Mint 100oz bars. And he said that this was because 6 weeks ago, he called up Perth Mint and asked what they had in stock. They had 1.5 tons, so he said he took the lot.

In terms of coins, there was a non-trivial amount of Perth Mint product there, which I guess is something.

Note that all of the above is his opinion/view/experience. I'm just relaying it.
Click to expand...

I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
Click to expand...


24 million kg of silver? Really?
Click to expand...

+1
 
24Million Kg is just slightly less than GLOBAL mine production, and would never in a million years be shown to an average customer for security reasons - surely?
 
TomServo said:
I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
Click to expand...

So he just lets people walk into his massive vault?

also what dealer keeps that much on hand?

so i'm guessing your just taking the piss or this was a dream :P

p.s. do u know G. Bush? i love that guy. wish i could hear a few more jokes from him.
 
TomServo said:
rbaggio said:
I went in to a large bullion dealer here today (to sort out something), and we got talking about inventory. The dealer will remain anonymous.

I can tell you that he is experiencing a massive shortage of physical, and he seemed very worried about it.

Got the tour through his safe, saw what was there (1kg bars, 15kg bars), also saw that what was there was already spoken for (invoices with the bars, numbers written on to them etc).

He said that if I walked off the street and ordered $60,000 worth of silver today, it would not be delivered until August.

In terms of bars, the only stock >1-2 bars that he had for immediate delivery, was Perth Mint 100oz bars. And he said that this was because 6 weeks ago, he called up Perth Mint and asked what they had in stock. They had 1.5 tons, so he said he took the lot.

In terms of coins, there was a non-trivial amount of Perth Mint product there, which I guess is something.

Note that all of the above is his opinion/view/experience. I'm just relaying it.
Click to expand...

I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
Click to expand...

.....epic fail
 
TomServo said:
rbaggio said:
I went in to a large bullion dealer here today (to sort out something), and we got talking about inventory. The dealer will remain anonymous.

I can tell you that he is experiencing a massive shortage of physical, and he seemed very worried about it.

Got the tour through his safe, saw what was there (1kg bars, 15kg bars), also saw that what was there was already spoken for (invoices with the bars, numbers written on to them etc).

He said that if I walked off the street and ordered $60,000 worth of silver today, it would not be delivered until August.

In terms of bars, the only stock >1-2 bars that he had for immediate delivery, was Perth Mint 100oz bars. And he said that this was because 6 weeks ago, he called up Perth Mint and asked what they had in stock. They had 1.5 tons, so he said he took the lot.

In terms of coins, there was a non-trivial amount of Perth Mint product there, which I guess is something.

Note that all of the above is his opinion/view/experience. I'm just relaying it.
Click to expand...

I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
Click to expand...

cough b*ll sh*t cough....
 
TomServo said:
I talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be.
Click to expand...

Are you sure the bars werent branded like this?

002-1.jpg

Source:97guns

Word on the street is that they are fake :(
 
talked to my dealer today, who shall remail anonymous, and he showed me his stockpile of 50,000 10000 oz bars, 250,000 100 oz bars, and 27,000,000 10 oz bars.
He said if I walked in off the street, he could deliver by the end of the day.
So, pick what you want your worldview to be


they do things BIG in Texas.................
 
You must log in or register to reply here.
Back
Top